8.5 Review of BTC & ETH Consolidation and Repair
Last night, $BTC continued to rebound, but the trading volume remains sluggish, overall belonging to a 4-hour level rebound repair. After reaching around 115500, it encountered resistance and failed to break through effectively.
From the daily perspective, the downward momentum has clearly contracted, but it still needs time for horizontal consolidation repair;
The weekly structure remains healthy, and the long-term upward cycle has quietly started.
Key levels for the day:
Support: 113500 - 114000
Resistance: 115500 - 116000
Pay attention to volume changes during the day; do not chase the rise without volume, continue to focus on high short and low long rhythm as the main strategy.
$ETH synchronized rebound, short-term divergence is relatively large.
ETH follows BTC upwards, with a slight bottom divergence appearing on the 4-hour chart, rebounding to around 3750, exceeding expectations slightly.
However, from a structural perspective, it is still a rebound repair, lacking volume support and may retest at any time for confirmation.
Support to watch: 3520 - 3600
Resistance pressure: 3700 - 3750
Continue to observe consolidation, maintaining a cautious main bullish mindset.
Current strategy:
Mid-term position in quality projects
Short-term follow-up on high-volume coins
Avoid heavy positions in aggressive low market cap varieties
Current attention direction:
ETH ecosystem-related coins
High-volume altcoin leaders
PENDLE was strong earlier, but has recently corrected deeply; consider accumulating in batches at low prices.
In summary:
Mainstream focuses on consolidation repair, while altcoins await rotation relay; pay attention to controlling the rhythm, take light positions, and wait for the opportunity to strike hard!
